Exhibit 22-4 Simple Random Sampling Has Been Used to Obtain a Sample

question 35

Multiple Choice

Exhibit 22-4
Simple random sampling has been used to obtain a sample of size 50 from a population of size 500. The sample proportion was 0.7.
-Refer to Exhibit 22-4. An approximate 95% confidence interval for the population proportion is

• A)0.500 to 0.700
• B)0.750 to 0.810
• C)0.576 to 0.824
• D)0.638 to 0.762

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Definitions:

Tariffs

Taxes imposed by a government on imported goods and services, often used to protect domestic industries from foreign competition.

United States

A country located in North America, consisting of 50 states and a federal district, known for its significant influence on global economics, politics, and culture.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price level.

Import

The process of importing products or services from foreign countries for the purpose of selling them.